His colleague at the Independent Institute, Judy Shelton, breaks the relationship between oil prices and inflation, “COMAN”.
president Donald Trump On Tuesday, the Federal Reserve called, saying that the central bank should reduce interest rates.
“Interest rates should be reduced, which is going alongside with the upcoming tariffs !!!” Trump said in a post on the social truth. “Let’s rock & roll music, America !!!”
The President’s comments come a day after the President of the Federal Reserve Jerome Powell In the Capitol Hill, the central bank does not need a “wheel” to reduce interest rates.
The Federal Reserve maintains fixed interest rates amid uncertainty in inflation
Powell witnessed before the Senate Banking Committee: “We do not need to be in a hurry to control our position on politics.” “We know that reducing policy control very quickly or more than necessary can hinder the progress of inflation. At the same time, reducing policy control very slowly or very few may weaken economic activity and employment.”
The President of the Federal Reserve, Jerome Powell, witnessed before the Senate Banking Committee on February 11, saying that the central bank “does not need to be in a hurry to control our position on politics.” .
Federal Reserve officials, in their last meeting in January, held the standard Federal funds rate Fixed in a range from 4.25 % to 4.5 %.
Trump says he will not shoot Jerome Powell feeding chair
This is followed by three consecutive discounts in interest rates in the latest meetings of the Central Bank-including reducing 50-Basis points in September as well as a pair of 25-basis discounts in November and December.
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Eric Rafel contributed to Fox Business in this report
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